If you're looking to enhance your trading strategy, the AverageChangeCandle could be a game changer. This trading system leverages the signals from the AverageChangeCandle indicator, providing you with actionable insights when a bar closes and the indicator direction shifts.
To get your Expert Advisor (EA) up and running, ensure that the compiled AverageChangeCandle.ex5 file is placed in your <terminal_data_directory>\MQL5\Indicators folder. This is crucial for smooth operation!
It's also important to note that the library file TradeAlgorithms.mqh is tailored for EAs working with brokers that offer a nonzero spread. This means you can set your Stop Loss and Take Profit levels right when opening a position. If you're looking for other versions of this library, check out Trade Algorithms.
The testing results below are based on the EA's default input parameters, and neither Stop Loss nor Take Profit was used during these tests.
Fig. 1. Example trades on the chart
Here's a look at the testing results for USDJPY on the H4 timeframe over the year 2016:
Fig. 2. Testing results chart
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